Latest articles
Flutter to Seek Secondary Listing on NYSE or Nasdaq
Flutter announced today that it hopes to list its shares on a US stock exchange. The Dublin-based company is among the world’s largest online gambling conglomerates and owns the leading US sportsbook brand, FanDuel. Its shares currently trade on the London Stock Exchange. However, a dual listing would add liquidity and make investing in the company more accessible for […]
NorthStar Bets Casino, Sports Owner Closer to Going Public With Playtech Investment
NorthStar Gaming has received a CAD $12.25 million (USD $9.19 million) infusion of capital concurrent with its reverse takeover by Baden Resources. The money comes from online gambling supplier Playtech. The deal means that Ontarians will soon know if NorthStar Bets casino and sports betting products are hometown favorites. After the Feb. 28 reverse takeover, the […]
MGM Resorts Firmly Denies Rumors of Potential Second Entain Bid
MGM Resorts International will not make a second attempt to acquire its joint venture partner Entain. CEO Bill Hornbuckle firmly denied such rumors during MGM’s Q4 2022 earnings call with investors. That means that the two companies’ shared ownership of the BetMGM online gambling brand will continue for the foreseeable future. It was analyst Shaun Kelley of Bank of America Merrill Lynch who raised […]
Illinois Online Casino Bill Tax Rate Means Revenue Could Be $240 Million
A state representative introduced HB2239 to legalize Illinois online casino gambling. The bill’s primary sponsor, state Rep. Edgar Gonzalez Jr. (D-Chicago), listed a 15% tax rate in his proposed legislation on Feb. 8. At that rate, Bonus predicts the Internet Gaming Act (IGA) – to be created if HB2239 becomes law – will mean $240 […]
DraftKings Spends Big on Super Bowl Ads and Celebrity Appearances
For a third straight year, DraftKings is spending big on Super Bowl ads. Prices for a 30-second slot during the big game have gone up again this year to about $7 million. To get the most out of its investment, the online gambling operator is betting big on viewers’ love for celebrities, including comedian Kevin […]
Boyd Gaming Prepares to Migrate Stardust Casino Users to In-House Platform
Stardust Casino players may notice changes to their online casino experience in the coming months. Boyd Gaming, which owns the brand, will soon begin migrating users to its new in-house platform. Boyd made the announcement to investors in its Q4 2022 earnings call. Answering a question from Shaun Kelley of Bank of America, Boyd CEO Keith Smith said: We’d expect […]
New York Casino Applicants Meet Their First Siting Board Deadline
Applicants interested in Downstate New York retail casino licenses sent their first round of questions to the siting board. New York casino applicants had to submit Round 1 of questions to the New York Gaming Facility Board (NYGFB) by 4 p.m. on Feb. 3 to continue in the process that each hope will culminate in […]
The Latest New York City Casino Partnership: Soloviev Group Plus Mohegan Gaming
Yet another participant has entered the race for a downstate New York casino. The latest bid comes from developer Soloviev Group and its operator partner Mohegan Gaming & Entertainment. Soloviev plans to create an entertainment district called Freedom Plaza on Manhattan’s east side. Aside from the casino, the project highlights include a 1,000+ room hotel, […]
Projection: US Online Casino Revenue to Approach $6.5 Billion in 2023
Bonus projects that US online casinos and poker rooms will generate almost $6.5 billion in gross gaming revenue (GGR) this year. That would represent an increase of over $1 billion compared to the 2022 total. All told, the six states with legal iGaming saw $5.319 billion in GGR in 2022, which was a 38% increase from 2021. However, growth has […]
888 Holdings Internal Investigation Sparks Shareholder Panic, Leadership Change
888 Holdings is facing a crisis sparked by an internal investigation into suspected gray market compliance failures. The CEO, Itai Pazner, has stepped down. The company’s share values plummeted 29% in early trading on Jan 30. That morning, the company released a regulatory announcement stating it had suspended VIP accounts in the Middle East region. The internal […]
